Hedera Hashgraph (HBAR) Price Prediction For May 19

The post Hedera Hashgraph (HBAR) Price Prediction For May 19 appeared first on Coinpedia Fintech News

The latest technical analysis of HBAR shows that the asset may be in the early stages of a larger bullish movement, though the current pullback needs close monitoring. At the time of writing, HBAR is trading at $0.19.

The HBAR price chart has possibly formed a five-wave upward pattern starting from the April low. In simple terms, this means the price made five moves up in a sequence — a pattern that often suggests a strong market trend.

A larger market correction may have ended around April 7. Since then, the price appears to have moved higher,  beginning a new uptrend. This recent rise could be wave 1 of a bigger bullish move.

Correction Phase Likely Underway

After this upward movement, it seems that HBAR has entered a correction phase. This is a normal part of price action, where markets take a short pause or pull back before deciding their next direction.

This correction could follow a common ABC pattern, which is a typical way markets adjust after a rally. The support area for this correction is currently between 0.142 and 0.169. So far, HBAR has managed to hold above the higher end of this range, which is a positive sign.

Market Outlook: What to Watch Next

At the moment, there’s no clear sign that buyers are stepping in for a strong bullish reversal. However, the pace of the decline has started to slow down, which might be an early indication that the market is stabilizing.

There’s also a more bullish scenario being considered, where HBAR could attempt a quicker move to the upside without falling much further. But for now, this outlook needs confirmation.

Investors and traders should keep a close eye on the support levels. If the price stays above this zone, it could increase the chances of a new upward move in the coming sessions.